A.The total credit sales of Fast Company for the year 2015 are S175,800). At the end et the years the management estimates that 1% of the total credit sales will prove la be uncollectible. the balance allowance for doubtful accounts is S650) before making adjusting ETAr, foR unceleciANe DEGAN expense. Required: 1. Calculate the allowance for doubtful accounts using sales method or income water ont 2. Prepare to adjust entry to recognize uncollectible accounts expense and to update allowance for doubtful accounts account at the end of the year 2015